Seven Eight Capital LP purchased a new stake in Aptiv PLC (NYSE:APTV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 73,665 shares of the auto parts company’s stock, valued at approximately $6,180,000.

Other hedge funds have also modified their holdings of the company. First Mercantile Trust Co. acquired a new stake in shares of Aptiv in the 2nd quarter valued at $159,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Aptiv in the 2nd quarter valued at $162,000. RNC Capital Management LLC acquired a new stake in shares of Aptiv in the 2nd quarter valued at $202,000. CWM Advisors LLC acquired a new stake in shares of Aptiv in the 2nd quarter valued at $223,000. Finally, Jane Street Group LLC raised its holdings in shares of Aptiv by 106.0% in the 1st quarter. Jane Street Group LLC now owns 2,760 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 48,810 shares in the last quarter. 90.92% of the stock is owned by institutional investors.

Shares of NYSE:APTV opened at $74.21 on Friday. Aptiv PLC has a 12 month low of $72.52 and a 12 month high of $103.23. The company has a current ratio of 1.55, a quick ratio of 1.19 and a debt-to-equity ratio of 1.08. The firm has a market cap of $19.59 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.03 and a beta of 1.57.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Tuesday, July 31st. The auto parts company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.03. Aptiv had a net margin of 8.28% and a return on equity of 41.16%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the business earned $1.13 EPS. Aptiv’s revenue for the quarter was up 16.8% compared to the same quarter last year. Equities analysts expect that Aptiv PLC will post 5.33 EPS for the current fiscal year.

APTV has been the topic of a number of analyst reports. Longbow Research set a $110.00 price objective on shares of Aptiv and gave the company a “buy” rating in a report on Tuesday, July 10th. Robert W. Baird restated a “buy” rating and issued a $115.00 price objective on shares of Aptiv in a report on Wednesday, August 1st. BMO Capital Markets set a $113.00 price objective on shares of Aptiv and gave the company a “buy” rating in a report on Wednesday, August 1st. Cowen set a $112.00 price objective on shares of Aptiv and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, ValuEngine upgraded shares of Aptiv from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the stock. Aptiv currently has an average rating of “Buy” and an average price target of $98.32.

In related news, Director Frank J. Dellaquila purchased 750 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were purchased at an average cost of $89.00 per share, for a total transaction of $66,750.00. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Joseph R. Massaro sold 2,800 shares of Aptiv stock in a transaction on Friday, September 14th. The stock was sold at an average price of $86.24, for a total transaction of $241,472.00. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.

Aptiv Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segments, Signal and Power Solutions; and Advanced Safety and User Experience.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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